Oracle Fusion Accounting Hub (FAH) is an accounting integration and reporting platform that standardizes accounting across systems and provides real-time reporting. As an integration platform, FAH applies configurable rules to transaction data from external systems to generate detailed journal entries. As a reporting platform, it provides interactive reporting and analytics using Essbase with optional drilldown to source transactions. FAH offers coexistence with E-Business Suite and PeopleSoft for accounting and flexible adoption of Fusion functionality.
Fusion Accounting Hub (FAH) consolidates financial data from various legacy systems into a single reporting and analytics hub without modifying the existing systems. It provides real-time access to consolidated financial information to help businesses make better day-to-day decisions. FAH seamlessly integrates with legacy systems like Oracle R12 and PeopleSoft using Golden Gate to synchronize financial data and recreate journals and balances in a single reporting ledger format. This standardizes accounting and provides faster, consolidated financial reporting and analytics for the entire organization.
Transform your existing Financials with Infosys and Oracle Fusion Accounting HubInfosys
Oracle Fusion Accounting Hub provides an integrated financial management and reporting solution. It combines Oracle's general ledger, sub-ledger accounting rules engine, transactional data repository, allocation engine, chart of accounts management, and financial reporting tools into a single hub. This allows customers to define accounting rules once and generate journal entries from various source systems. It also provides robust multidimensional reporting and analysis capabilities. Customers with existing Oracle or PeopleSoft investments can leverage Oracle Fusion Accounting Hub to enhance their financial systems without replacing their existing applications.
The document provides information about a presentation on Oracle's Revenue Management Cloud Service (RMCS) and the new revenue recognition standards. It introduces the two presenters, Chris Stephenson and Brad Kwiatek, and their backgrounds. It then provides an agenda for the presentation which includes discussing the new revenue recognition standards, the 5-step model to support the standards, transition and implementation considerations, managing revenue with RMCS, and a Q&A session. It also includes appendices on the 5-step model and its challenges.
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot!
We delivered a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, you will gain a much deeper understanding of Oracle’s strategy in the consolidation and close domain.
Discussion included:
-Functional and technical comparison of FCCS and HFM (Dimensions, Rules, Reporting, etc.)
-Migration considerations/best practices
-Product direction from Oracle
How Noble Energy Automated Reconciliations with Oracle ARCSPerficient, Inc.
Noble Energy, an independent oil and natural gas exploration and production company, had struggled for years with a cumbersome spreadsheet and email-driven account reconciliation process. The accounting team sought a purpose-built tool with auditing, workflow and automated reconciliation capabilities. The IT team wanted a solution in line with their Cloud-first strategic direction.
After evaluating several products, Noble Energy selected Oracle Account Reconciliation Cloud Service (ARCS) with transaction matching and partnered with Perficient to deliver the implementation.
Project owner Matt Dossett, CPA and Senior Accountant, discussed their migration to ARCS including lessons learned and how ARCS could benefit your organization.
Discussion included:
-Challenges with the legacy account reconciliation process
-The factors leading to the selection of Oracle ARCS
-Considerations of implementing a cloud solution with on-premises Oracle EBS ERP
-The value of automated reconciliations with transaction matching
-Benefits realized with ARCS implementation
Release 12 of Oracle Assets introduces several new features including integrated sub-ledger accounting, enhanced mass additions for legacy conversions, automatic preparation of mass additions, XML-based flexible reporting, automatic depreciation rollback, and enhanced functionality for the energy industry. It allows setup and use of the new features in Oracle Assets Release 12.
Oracle GL consolidations is used to move financial results from one set of books to another. The most common reason for setting up additional sets of books is to transact business in a different currency. Other reasons for setting up additional sets of books include using a different chart of accounts, operating with a different calendar, or using different document sequences for the same transaction source.
COLLABORATE 18 Presentation: Success Story- Oracle Cloud Procurement Implemen...Jade Global
SESSION ABSTRACT: In this case study you will learn how Oracle Cloud Procurement can be used to optimize and automate your source-to-settlement process. How Jade Global brought in their industry and Oracle Cloud expertise to implement best business practices offering process improvements and scalability along with cost savings for one of their customer. Oracle Cloud provides best in class procurement suite of applications for smarter sourcing, easily configurable rule based approvals and transaction account builder, end user self-service ordering and supply side integrations through Supplier Portal.
Fusion Accounting Hub (FAH) consolidates financial data from various legacy systems into a single reporting and analytics hub without modifying the existing systems. It provides real-time access to consolidated financial information to help businesses make better day-to-day decisions. FAH seamlessly integrates with legacy systems like Oracle R12 and PeopleSoft using Golden Gate to synchronize financial data and recreate journals and balances in a single reporting ledger format. This standardizes accounting and provides faster, consolidated financial reporting and analytics for the entire organization.
Transform your existing Financials with Infosys and Oracle Fusion Accounting HubInfosys
Oracle Fusion Accounting Hub provides an integrated financial management and reporting solution. It combines Oracle's general ledger, sub-ledger accounting rules engine, transactional data repository, allocation engine, chart of accounts management, and financial reporting tools into a single hub. This allows customers to define accounting rules once and generate journal entries from various source systems. It also provides robust multidimensional reporting and analysis capabilities. Customers with existing Oracle or PeopleSoft investments can leverage Oracle Fusion Accounting Hub to enhance their financial systems without replacing their existing applications.
The document provides information about a presentation on Oracle's Revenue Management Cloud Service (RMCS) and the new revenue recognition standards. It introduces the two presenters, Chris Stephenson and Brad Kwiatek, and their backgrounds. It then provides an agenda for the presentation which includes discussing the new revenue recognition standards, the 5-step model to support the standards, transition and implementation considerations, managing revenue with RMCS, and a Q&A session. It also includes appendices on the 5-step model and its challenges.
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot!
We delivered a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, you will gain a much deeper understanding of Oracle’s strategy in the consolidation and close domain.
Discussion included:
-Functional and technical comparison of FCCS and HFM (Dimensions, Rules, Reporting, etc.)
-Migration considerations/best practices
-Product direction from Oracle
How Noble Energy Automated Reconciliations with Oracle ARCSPerficient, Inc.
Noble Energy, an independent oil and natural gas exploration and production company, had struggled for years with a cumbersome spreadsheet and email-driven account reconciliation process. The accounting team sought a purpose-built tool with auditing, workflow and automated reconciliation capabilities. The IT team wanted a solution in line with their Cloud-first strategic direction.
After evaluating several products, Noble Energy selected Oracle Account Reconciliation Cloud Service (ARCS) with transaction matching and partnered with Perficient to deliver the implementation.
Project owner Matt Dossett, CPA and Senior Accountant, discussed their migration to ARCS including lessons learned and how ARCS could benefit your organization.
Discussion included:
-Challenges with the legacy account reconciliation process
-The factors leading to the selection of Oracle ARCS
-Considerations of implementing a cloud solution with on-premises Oracle EBS ERP
-The value of automated reconciliations with transaction matching
-Benefits realized with ARCS implementation
Release 12 of Oracle Assets introduces several new features including integrated sub-ledger accounting, enhanced mass additions for legacy conversions, automatic preparation of mass additions, XML-based flexible reporting, automatic depreciation rollback, and enhanced functionality for the energy industry. It allows setup and use of the new features in Oracle Assets Release 12.
Oracle GL consolidations is used to move financial results from one set of books to another. The most common reason for setting up additional sets of books is to transact business in a different currency. Other reasons for setting up additional sets of books include using a different chart of accounts, operating with a different calendar, or using different document sequences for the same transaction source.
COLLABORATE 18 Presentation: Success Story- Oracle Cloud Procurement Implemen...Jade Global
SESSION ABSTRACT: In this case study you will learn how Oracle Cloud Procurement can be used to optimize and automate your source-to-settlement process. How Jade Global brought in their industry and Oracle Cloud expertise to implement best business practices offering process improvements and scalability along with cost savings for one of their customer. Oracle Cloud provides best in class procurement suite of applications for smarter sourcing, easily configurable rule based approvals and transaction account builder, end user self-service ordering and supply side integrations through Supplier Portal.
This document discusses Oracle Applications and related services offered by Savitr Software Services. It includes an overview of Oracle Applications as a fully integrated global application suite. It also outlines the key modules implemented across various functions like CRM, HRMS, Projects, Financials, Manufacturing and SCM. The document then describes Savitr's local/global approach, methodology, services offered and project experience in implementing Oracle Applications.
Simplify Complex Consolidations and Close Processes with Oracle Financial Con...Alithya
Oracle Financial Consolidation and Close Cloud Service (FCCS) mixes best practices with customization to streamline and enhance the close and consolidation process. This configurable product leverages out-of-the-box content which gives companies the framework needed to deploy an easy-to-use, yet sophisticated, close solution. It requires no infrastructure investments, offers flexible deployment options, and provides fast time-to-value.
In this presentation, we explore the full range of capabilities of this solution, including the orchestration of the close process, supplemental data collection, ease of administration, and more. Find out how FCCS can be used to address the complexities that are encountered with consolidations, such as foreign currency translation, intercompany eliminations, and ownership requirements. We touch on additional features that are improved in the cloud such as process automation, administration, and supplemental data collection. Interact and ask questions to learn more about this world-class solution for close and consolidation applications and decide if it's time for you to make the move to the Cloud!
This document provides an overview of general ledger concepts, including:
- Accounting periods can follow a natural calendar of 12 months or use other calendars like a fiscal year or 4-4-5 calendar. Adjustment periods are also defined to clear balances from the prior year and make adjustments for the current year.
- Currencies can be defined as functional or foreign in a general ledger system.
- A chart of accounts structures the accounts used in a general ledger.
- Journals, posting, balances, reviews, accruals and reversals are key processes in a general ledger.
- A trial balance is prepared to check the equality of debits and credits across accounts.
This document provides an overview of Oracle E-Business Suite Release 12, which is designed to help global businesses think globally, work globally, and manage systems globally. Some key capabilities of Release 12 include improved reporting and analysis, global financial consolidation, profitability analysis, project portfolio analysis, strategic network optimization, inventory optimization, operational reporting, and a new user experience. Release 12 is meant to increase productivity through streamlined global processes and shared services across organizations.
Successfully executing your enterprise cloud ERP strategy means turning
to the world’s most proven, trusted and deployed cloud ERP solution—
NetSuite. With more than 40,000 organizations and subsidiaries running
NetSuite across more than 160 countries, some of the world’s
best-known brands trust their businesses to NetSuite and take their financial
and operational processes to the cloud. Why NetSuite?
A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing features and functions in the Oracle R12 Financial Suite of products.
Oracle E-Business Suite 12.2 - The Upgrade to End All UpgradesShiri Amit
This business-led session discusses key roadmap and project planning considerations for organizations that are thinking to upgrade. It combines lessons learned from customers that have completed the upgrade with advice from Oracle user group leaders.
Summary accounts provide efficiencies for business processing by representing the sum of multiple detailed account balances. They allow for faster reporting and inquiry compared to reviewing each detailed account individually. A summary account template is used to generate multiple summary accounts based on the detail and parent segment values defined. Maintaining summary accounts involves tasks like adding or removing child accounts to update the rolled-up balances totaled in each summary account.
New features in oracle fusion financial accounts receivables and account paya...Jade Global
Learn about the latest features and benefits of Oracle fusion financial accounts receivables and account payables. For more detail please visit: http://www.jadeglobal.com
This document discusses valid and invalid intersections in Oracle Financial Consolidation and Close Cloud. It provides examples of defining valid intersection rules to filter cell intersections for users entering data. Specifically, it shows how intersections can be set as valid only for certain entity and consolidation dimension members, with level 0 entity members set as invalid intersections and their cells made read-only.
Oracle Ebiz R12.2 Features -- Ravi Sagaramravisagaram
The deck provides the new features with Oracle Ebiz R12.2 released in Sept 2013. It compares the new features in R12.2 with prior release R12.1.3 and provides setups. The deck was presented at NCOAUG in March 2014.
This document provides an overview and best practices for using Oracle's Financial Reporting Studio. It covers the differences between the Financial Reporting Center, Workspace, and Studio. It then demonstrates setting up a basic report, including recommendations on chart of accounts, database connections, dimension layout, formulas, and formatting. The document concludes with tips on installation, migration, and common issues.
The document discusses Oracle's Financials Cloud Expenses product. It outlines the key features such as expense entry options, controls like policy compliance and receipt management, and approval workflows. It then describes important setup steps and provides a demo of the end-to-end expense report processing flow. Finally, it discusses co-existence with external payment systems and includes sample XML files for integration.
This document provides an overview of a training on Oracle Fusion Procure to Pay offered by GoLogica Technologies. It outlines the topics that will be covered in the training, including an introduction to Oracle Fusion Procure to Pay, setting up procurement, purchasing, supplier portal configuration, payables, payment processing, and period close functions. It also lists some other trainings offered by GoLogica Technologies on technologies like SAP, Oracle, SAS, and Microsoft. Contact information is provided for GoLogica Technologies in India and the US.
This document provides an overview of the JD Edwards Enterprise One ERP software. It discusses that JD Edwards was originally founded in 1977 and was acquired by Oracle. It describes the main modules of JD Edwards Enterprise One including financial management, project management, asset lifecycle management, order management, manufacturing management, and reporting. It also discusses the mobile capabilities and generations of the JD Edwards ERP software.
Oracle Shop Floor Management provides comprehensive capabilities for manufacturing companies. New features in R12 include enhanced lot/serial management, more granular shop floor modeling and planning, improved execution through dispatch lists and lot travelers, and real-time alerts. Oracle aims to offer the most complete and lowest risk solution for industries such as semiconductors, medical devices, and automotive through tight integration of shop floor and back office functions in a single system.
This document discusses key decisions for implementing the disbursements feature in Oracle Fusion Payments. It covers:
- Setting up payment methods, profiles, validations and formats to support business processes for decentralized, centralized or factory payment models.
- Choosing between broad or targeted invoice selection criteria to optimize payment creation.
- Configuring validation rules and security at the document, payment or file level based on processing goals.
- Tailoring human-readable and transmission formats to bank requirements.
Merging Newly Acquired Companies into Oracle EBSEmtec Inc.
This document provides an overview of considerations for merging newly acquired companies into Oracle EBS. It discusses project planning, solution design, data conversion, and implementation from the perspectives of a project manager and EBS consultant. Key areas covered include transition planning, business process analysis, setup and configuration, data mapping and conversion approaches for various modules like GL, AP, AR, inventory, fixed assets and projects. It also outlines approaches for audit and reconciliation of converted data.
Oracle Fusion Financials Cloud Service is a complete financial management solution that automates financial processes, provides real-time visibility into financial data, and helps users make better decisions. It includes modules for general ledger, accounts payable, accounts receivable, and more. Key features include embedded reporting, role-based dashboards, spreadsheet integration, and tools to help close the books faster. The cloud-based solution is designed to streamline financial operations and provide controls and compliance reporting.
Oracle Fusion Financials Cloud Service is a complete and integrated cloud-based financial management solution. It provides automated financial processing, real-time visibility into financial results, and embedded intelligence to guide users' decisions. The solution offers features such as role-based dashboards, budget monitoring, accounts payable/receivable, and reporting to help users make better decisions and improve financial processes.
This document discusses Oracle Applications and related services offered by Savitr Software Services. It includes an overview of Oracle Applications as a fully integrated global application suite. It also outlines the key modules implemented across various functions like CRM, HRMS, Projects, Financials, Manufacturing and SCM. The document then describes Savitr's local/global approach, methodology, services offered and project experience in implementing Oracle Applications.
Simplify Complex Consolidations and Close Processes with Oracle Financial Con...Alithya
Oracle Financial Consolidation and Close Cloud Service (FCCS) mixes best practices with customization to streamline and enhance the close and consolidation process. This configurable product leverages out-of-the-box content which gives companies the framework needed to deploy an easy-to-use, yet sophisticated, close solution. It requires no infrastructure investments, offers flexible deployment options, and provides fast time-to-value.
In this presentation, we explore the full range of capabilities of this solution, including the orchestration of the close process, supplemental data collection, ease of administration, and more. Find out how FCCS can be used to address the complexities that are encountered with consolidations, such as foreign currency translation, intercompany eliminations, and ownership requirements. We touch on additional features that are improved in the cloud such as process automation, administration, and supplemental data collection. Interact and ask questions to learn more about this world-class solution for close and consolidation applications and decide if it's time for you to make the move to the Cloud!
This document provides an overview of general ledger concepts, including:
- Accounting periods can follow a natural calendar of 12 months or use other calendars like a fiscal year or 4-4-5 calendar. Adjustment periods are also defined to clear balances from the prior year and make adjustments for the current year.
- Currencies can be defined as functional or foreign in a general ledger system.
- A chart of accounts structures the accounts used in a general ledger.
- Journals, posting, balances, reviews, accruals and reversals are key processes in a general ledger.
- A trial balance is prepared to check the equality of debits and credits across accounts.
This document provides an overview of Oracle E-Business Suite Release 12, which is designed to help global businesses think globally, work globally, and manage systems globally. Some key capabilities of Release 12 include improved reporting and analysis, global financial consolidation, profitability analysis, project portfolio analysis, strategic network optimization, inventory optimization, operational reporting, and a new user experience. Release 12 is meant to increase productivity through streamlined global processes and shared services across organizations.
Successfully executing your enterprise cloud ERP strategy means turning
to the world’s most proven, trusted and deployed cloud ERP solution—
NetSuite. With more than 40,000 organizations and subsidiaries running
NetSuite across more than 160 countries, some of the world’s
best-known brands trust their businesses to NetSuite and take their financial
and operational processes to the cloud. Why NetSuite?
A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing features and functions in the Oracle R12 Financial Suite of products.
Oracle E-Business Suite 12.2 - The Upgrade to End All UpgradesShiri Amit
This business-led session discusses key roadmap and project planning considerations for organizations that are thinking to upgrade. It combines lessons learned from customers that have completed the upgrade with advice from Oracle user group leaders.
Summary accounts provide efficiencies for business processing by representing the sum of multiple detailed account balances. They allow for faster reporting and inquiry compared to reviewing each detailed account individually. A summary account template is used to generate multiple summary accounts based on the detail and parent segment values defined. Maintaining summary accounts involves tasks like adding or removing child accounts to update the rolled-up balances totaled in each summary account.
New features in oracle fusion financial accounts receivables and account paya...Jade Global
Learn about the latest features and benefits of Oracle fusion financial accounts receivables and account payables. For more detail please visit: http://www.jadeglobal.com
This document discusses valid and invalid intersections in Oracle Financial Consolidation and Close Cloud. It provides examples of defining valid intersection rules to filter cell intersections for users entering data. Specifically, it shows how intersections can be set as valid only for certain entity and consolidation dimension members, with level 0 entity members set as invalid intersections and their cells made read-only.
Oracle Ebiz R12.2 Features -- Ravi Sagaramravisagaram
The deck provides the new features with Oracle Ebiz R12.2 released in Sept 2013. It compares the new features in R12.2 with prior release R12.1.3 and provides setups. The deck was presented at NCOAUG in March 2014.
This document provides an overview and best practices for using Oracle's Financial Reporting Studio. It covers the differences between the Financial Reporting Center, Workspace, and Studio. It then demonstrates setting up a basic report, including recommendations on chart of accounts, database connections, dimension layout, formulas, and formatting. The document concludes with tips on installation, migration, and common issues.
The document discusses Oracle's Financials Cloud Expenses product. It outlines the key features such as expense entry options, controls like policy compliance and receipt management, and approval workflows. It then describes important setup steps and provides a demo of the end-to-end expense report processing flow. Finally, it discusses co-existence with external payment systems and includes sample XML files for integration.
This document provides an overview of a training on Oracle Fusion Procure to Pay offered by GoLogica Technologies. It outlines the topics that will be covered in the training, including an introduction to Oracle Fusion Procure to Pay, setting up procurement, purchasing, supplier portal configuration, payables, payment processing, and period close functions. It also lists some other trainings offered by GoLogica Technologies on technologies like SAP, Oracle, SAS, and Microsoft. Contact information is provided for GoLogica Technologies in India and the US.
This document provides an overview of the JD Edwards Enterprise One ERP software. It discusses that JD Edwards was originally founded in 1977 and was acquired by Oracle. It describes the main modules of JD Edwards Enterprise One including financial management, project management, asset lifecycle management, order management, manufacturing management, and reporting. It also discusses the mobile capabilities and generations of the JD Edwards ERP software.
Oracle Shop Floor Management provides comprehensive capabilities for manufacturing companies. New features in R12 include enhanced lot/serial management, more granular shop floor modeling and planning, improved execution through dispatch lists and lot travelers, and real-time alerts. Oracle aims to offer the most complete and lowest risk solution for industries such as semiconductors, medical devices, and automotive through tight integration of shop floor and back office functions in a single system.
This document discusses key decisions for implementing the disbursements feature in Oracle Fusion Payments. It covers:
- Setting up payment methods, profiles, validations and formats to support business processes for decentralized, centralized or factory payment models.
- Choosing between broad or targeted invoice selection criteria to optimize payment creation.
- Configuring validation rules and security at the document, payment or file level based on processing goals.
- Tailoring human-readable and transmission formats to bank requirements.
Merging Newly Acquired Companies into Oracle EBSEmtec Inc.
This document provides an overview of considerations for merging newly acquired companies into Oracle EBS. It discusses project planning, solution design, data conversion, and implementation from the perspectives of a project manager and EBS consultant. Key areas covered include transition planning, business process analysis, setup and configuration, data mapping and conversion approaches for various modules like GL, AP, AR, inventory, fixed assets and projects. It also outlines approaches for audit and reconciliation of converted data.
Oracle Fusion Financials Cloud Service is a complete financial management solution that automates financial processes, provides real-time visibility into financial data, and helps users make better decisions. It includes modules for general ledger, accounts payable, accounts receivable, and more. Key features include embedded reporting, role-based dashboards, spreadsheet integration, and tools to help close the books faster. The cloud-based solution is designed to streamline financial operations and provide controls and compliance reporting.
Oracle Fusion Financials Cloud Service is a complete and integrated cloud-based financial management solution. It provides automated financial processing, real-time visibility into financial results, and embedded intelligence to guide users' decisions. The solution offers features such as role-based dashboards, budget monitoring, accounts payable/receivable, and reporting to help users make better decisions and improve financial processes.
Oracle Fusion Financials Cloud Service is a complete and integrated cloud-based financial management solution that provides automated financial processing, real-time visibility into financial results, and effective management controls. It offers features such as embedded reporting, role-based dashboards, transactional intelligence, and spreadsheet integration to help users make better decisions, comply with financial regulations, and improve business performance. The solution automates and streamlines financial processes end-to-end in the cloud without the need for expensive on-premise hardware and systems management.
This document provides guidance on best practices for implementing Oracle Accounting Hub Cloud. It covers key considerations for requirements gathering, architecture, testing, historical conversion, go-live, and post go-live operations. It also provides recommendations for functional design aspects like enterprise structures, source systems, accounting rules, journal line rules, mapping sets, and supporting references. Implementation teams are advised to thoroughly plan requirements, use a phased approach, engage system integrators, and focus on streamlining the design. Thorough testing of all flows and performance benchmarking is also emphasized.
Enterprise resource planning (ERP) software integrates various business functions and departments into a single system. ERP modules mimic major functional areas and include production planning, purchasing, inventory control, sales, finance, accounting, and human resources. When implemented together, the modules streamline processes across departments and provide executives with integrated reports.
Proper management of funds allows us to prepare
long-term company development strategy, control
the progress of the most important business processes
and, consequently, to make correct investment decisions.
Finance and controlling are one of the most important
areas in your company, so it is worth ensuring they
function to the highest standard. It is, therefore, necessary
to use appropriate methods and tools.
In this respect, you can rely on SAP solutions – a package
of Hicron’s in-house tools supporting the operation
of the system and training services. Don’t wait, decide
which solutions will bring the most benefits to your
company!
The document discusses new functionality in Oracle E-Business Suite Release 12 that allows companies to streamline operations and financial reporting. Key features highlighted include the use of ledgers and ledger sets to consolidate sets of books into a single instance and chart of accounts, enabling automated cross-ledger transaction posting and consolidated financial reporting. Additionally, multi-org access controls allow centralized management of customers, suppliers, and processes across operating units from a single global instance.
Release 12 of Oracle E-Business Suite allows companies to streamline their global operations through new functionality. It introduces Subledger Accounting and Multi-Org Access Controls which allow businesses to consolidate sets of books into a single ledger and instance. This provides automated financial reporting and enhances controls across operating units. Release 12 reduces the complexity of global financial operations through a common accounting engine and standardized rules.
This document provides an overview of new and improved features in Oracle Financials Cloud Release 13, including enhanced integration with EPM Cloud, asset management improvements, expanded budgetary control functionality, and improved cash management tools. Key updates include more seamless data integration between Financials and EPM Cloud, automatic depreciation calculation for assets, expanded budget balance reporting, and ability to import non-standard bank statement formats.
Oracle Financials Cloud is a cloud-based financial management suite that aims to simplify finance processes, accelerate decision making, enable collaboration, and help control costs. It streamlines transactions like payables, expenses, cash management and more. Dashboards provide real-time information and monitoring of key tasks. Embedded social collaboration allows teams to communicate within business processes. Flexible adoption options are available to migrate systems gradually. Oracle Financials Cloud is part of Oracle's broad cloud portfolio of integrated applications.
Oracle Fusion is enterprise resource planning software applications from Oracle Corporation.
Distributed across various product families, Fusion includes Financial Management, Human Capital Management, Customer Relationship Management, Supply chain management, Procurement, Governance, Project Portfolio.
Workday, Inc. is an on demand (cloud-based) software vendor. Workday features Human Capital Management, Financial Management, and Analytics Applications.
This document summarizes Oracle's Dynamic Financial Management solution, which includes Oracle Financials and other Oracle applications. It provides the following key points in 3 sentences:
Oracle Financials is a complete and integrated financial management suite that improves visibility, control and efficiency. It allows organizations to standardize processes, adapt quickly to changes, have a single source of truth for reporting, and meet multiple regulatory requirements. The solution enforces compliance, mitigates risks, increases productivity through automation, and provides visibility and decision support through integration with Oracle's enterprise performance management applications.
ERP software consists of several functional modules that mimic major areas of an organization. Common modules include production planning, purchasing, inventory control, sales, marketing, finance, and human resources. These modules streamline processes like procurement, order tracking, accounting, and employee management. When combined, the modules provide a comprehensive, integrated system for planning, tracking, and optimizing resources across an entire organization.
The document provides an overview of Hyperion Financial Management, a financial consolidation and reporting application. It describes the key features and capabilities of the software, including consolidating financial data from multiple sources, performing currency conversions, and streamlining financial reporting and analysis. The document also discusses related Hyperion products that can extend the functionality of Financial Management like Financial Reporting and Smart View for Office.
This document summarizes an accounting operations system called BlackLine that provides finance controls and automation. It replaces manual processes like spreadsheets with integrated software products that provide visibility, compliance, risk management, streamlining, and automation for accounting teams. With a simple implementation and annual ROI over 300%, the software pays for itself within months and transforms accounting operations worldwide for its over 1,000 clients in 100 countries.
Hyperion Financial Management is a financial consolidation and reporting application that allows financial managers to rapidly close and report financial results. It provides the ability to consolidate financial data from diverse locations and multiple general ledgers, perform multi-currency conversions, and streamline data collection processes. Financial consolidation involves merging the financial statements of a parent company and its subsidiaries to assess the overall health of the entire group. Hyperion Financial Management includes features like data validation, currency translation, automatic eliminations, and reporting tools to facilitate the financial consolidation process.
This document provides an overview of Hyperion Financial Management, a financial consolidation and reporting application. It describes the key features of the application, including its scalable web architecture, global consolidation features, powerful reporting and analysis tools, and ability to consolidate data from diverse sources. The document also discusses the challenges of financial consolidation and reporting that Hyperion Financial Management aims to address.
Financial Consolidation Solution - Providing a Framework of Controls the Faci...QueBIT Consulting
QueBIT provides a framework of controls that facilitate financial reporting. Find out what financial consolidation is, the technical architecture, and what QueBIT has to offer.
Financial Consolidation Solution - Providing a Framework of Controls the Faci...
Fusion Accounting Hub
1. ORACLE DATA SHEET
ORACLE FUSION ACCOUNTING HUB
THE NEW STANDARD FOR FINANCIAL
REPORTING AND INTEGRATION
KEY FEATURES
Reporting platform with embedded
Essbase
Centralized reporting center to deliver
and access reports
Proactive monitoring of account
balances
Centralized accounting engine
Multiple accounting representations
Sophisticated error handling
Supporting references that track
balances beyond the chart of accounts
Transfer of accounting rules from test
to production environments
Multi-currency journals and multiple
balancing segments
Robust Allocations Engine
KEY BENEFITS
Gain real-time access to live financial
data in a highly interactive environment
Access reports any time in real-time
Be notified of anomalies in balances as
they occur
Simplify issue resolution with process
optimization
Meet compliance requirements with
single source of accounting truth for all
external and legacy systems
Store analytic information with
accounting for reconciliation and
reporting
Maximize efficiency with an enterprise
accounting rules engine
Comply with multi-GAAP accounting
and industry accounting requirements
Audit GL balances with journal details
Oracle® Fusion Accounting Hub (FAH) is an accounting integration and
reporting platform that includes the following products: Subledger Accounting,
Ledger, and Financial Reporting Center. FAH offers a flexible approach to
system adoption, allowing customers to implement Fusion Financials in an
evolutionary manner. As an accounting integration platform, FAH standardizes
the accounting from multiple third party transactional systems to consistently
enforce accounting policies and meet multiple reporting requirements in an
automated and controlled fashion. As a reporting platform, FAH offers E-
Business Suite and PeopleSoft customers exceptional reporting and analytics
capabilities with minimal disruption to their current financial processes.
Oracle Fusion Accounting Hub Delivers Value with Existing Investments
Coexistence is the notion of having Oracle Applications exist with existing legacy
applications or with Oracle’s next generation Fusion Applications. Oracle Fusion Applications
is designed to work alongside both non-Oracle and Oracle systems without forcing customers
to perform a full-scale upgrade. A key component of this coexistence strategy is Oracle Fusion
Accounting Hub (FAH). FAH is both an accounting integration platform and a reporting
platform, which can be used for either - or both - of these solutions.
Accounting Integration Platform Delivers Consistent Accounting
As an accounting integration platform, FAH integrates with non-Oracle transactional
systems to create accounting entries in Oracle general ledgers (e.g., Fusion, E-Business Suite,
and PeopleSoft General Ledgers) or other non-Oracle general ledger systems. The highly
configurable and centralized rules engine transforms transaction information from third party
systems to create accurate, detailed, and auditable accounting entries to meet statutory,
corporate, regulatory, and management reporting needs.
Figure 1: FAH’s Accounting Integration Platform
2. ORACLE DATA SHEET
2
For customers that have high volumes of transactions from diverse industry applications, such
as billing systems for telecommunications, core banking platforms, or claims systems for
insurance, FAH can receive raw transaction information plus reference information and apply
rules to create detailed accounting entries to meet virtually any accounting requirement.
FAH includes a rules repository to centrally define and maintain accounting rules, a rules
transformation engine to create, validate and store the accounting journals, and a detailed
accounting repository that is used to reconcile to source systems.
User Configurable Rules Offer Maximum Flexibility
FAH offers maximum flexibility in generating accounting entries by allowing users to
configure rules based on any attribute of a transaction. For example, a deferred revenue
account can be broken out by different lines of business based on the nature of the revenue.
No matter how many variations a company may have, users have complete flexibility in
building every accounting entry.
Below is an example of defining rules to build the subledger journal entry.
Figure 2: User Defined Journal Entry Rule to Build Journal Lines
Business users can create accounting rules once and deploy them many times across different
external and legacy systems. Changes in accounting regulations or corporate structures are
quickly accommodated with effective dating of rules. An audit trail of the changes is
preserved allowing a comparison between old and new versions of the rules.
Rapidly Integrate New Systems
Many organizations need to efficiently integrate new industry-specific systems or recently
acquired companies into their existing environment. FAH implementations can be done
gradually, reducing the implementation risk. Both journal pass-through solutions as well as
raw transaction-based accounting solutions can be implemented. Customers can move from a
pass-through solution to passing raw transaction data to create the necessary accounting. New
systems can be added and new products can be launched while the system is in use.
Store Additional Information beyond the Chart of Accounts
Users can store balances based on business dimensions outside their chart of accounts using
supporting references. In other words, supporting references extend the chart of accounts
without cluttering the general ledger with unnecessary detail. For example, users can store
balances based on geographies, channel, industry, investment type, fund manager or product
category without including these key business dimensions in the chart of accounts. These
balances are stored in the accounting repository, readily available for reporting and analytics.
ORACLE FUSION
ACCOUNTING HUB
PRODUCTS
Oracle Fusion Accounting
Hub is an accounting and
reporting solution that
includes the following
products:
Fusion Financial Reporting
Center
Fusion Ledger
Fusion Subledger
Accounting
Fusion Legal Entity
Configurator
Fusion Financials Common
Modules
RELATED PRODUCTS
Oracle Hyperion Data
Relationship Management
Oracle Data Integrator
Oracle GoldenGate
Fusion Financials
Fusion Analytics
Fusion Governance, Risk
and Compliance
Oracle Enterprise
Performance Management
3. ORACLE DATA SHEET
3
Enhance Internal Controls and Auditability
The centralized architecture of Oracle Fusion Accounting Hub enforces internal controls and
successful audit and compliance reviews. Auditors and compliance officers can use the rules
and accounting repositories as a basis for their engagements.
The common accounting engine includes a robust collection of validations and balance and
control routines. These validations are fully documented for complete transparency, a key
requirement for Section 404 Sarbanes-Oxley compliance.
Audit Trail from General Ledger Balances to Business Events
Users can drill from their existing general ledger balances to the specific journal lines in the
accounting repository that comprise that balance. Embedded bi-directional flows allow users
to drill from journal lines either to the supporting business events and the accounting details.
Unique Reporting Platform Delivers Information When Needed
As a reporting platform, Oracle E-Business Suite and PeopleSoft customers can leverage
Fusion Accounting Hub’s exceptional reporting and analytics platform without disrupting
their current financial processes, such as their credit to cash or procure to pay processes. This
allows customers to leverage FAH’s reporting ledger as their ledger of record to perform
sophisticated reporting and analysis against real-time accounting information, with optional
drilldown to the source transaction details.
Figure 3: FAH’s Reporting and Analytics Platform
Oracle E-Business Suite and PeopleSoft customers can significantly improve financial
reporting and information access with FAH’s unique reporting platform that is embedded with
Oracle Essbase, the market leading online analytical processing (OLAP) server. This allows
large quantities of data to be quickly accessible and analyzed from different perspectives in a
highly interactive way for intuitive and immediate decision support. Customers can also
leverage the power of Hyperion Data Relationship Manager to synchronize changes to chart of
accounts and hierarchies between Fusion and PeopleSoft or E-Business Suite financial
systems. After programs transfer data from PeopleSoft and E-Business Suite ledgers to FAH’s
reporting ledger, all balances are automatically updated and pre-summarized at every possible
summarization level, making reports, queries, and analytics very fast.
All reports and queries work off the same up-to-the-minute, live data to ensure that all the
roles in the company are making decisions based on the most relevant and accurate
information.
Central Report Center Provides Self-Service Access
Users have self-service access to any live financial report they are authorized to view
4. ORACLE DATA SHEET
4
complete with drilldowns to live transactions. The Oracle Fusion Financial Reporting Center
provides a single access point to securely distribute and access reports defined in Fusion
Accounting Hub, Fusion Financials, Hyperion Financial Reporting Studio or Hyperion
Workspace.
Figure 4. Oracle Fusion Financial Reporting Center
Board quality financial statements and departmental reports, such as departmental expenses,
can be viewed in the output of choice, such as HTML, PDF, and MS Office. CFOs can export
financial statements to MS Office products, such as PowerPoint, Excel or Word, and then
refresh results as needed from those desktop applications with a single click.
Figure 5: Financial statement graph
Self-Monitoring Accounts Alert Users to Exceptions
Instead of running reports and performing online queries to check balances, FAH can
proactively monitor account balances, and notify users of sudden spikes or drops based on
user-defined thresholds. Users can view both current and comparative balances as well as the
percentage change to assess whether the variance is favorable or unfavorable. To investigate
the root cause of the exception, users can quickly drill down through multiple levels of
hierarchies and summarized balances to the live transactions.
Combined Accounting and Reporting Platform
By choosing to employ the full capabilities of Oracle Fusion Accounting Hub as both an
accounting and reporting platform, users get the benefits of integration with non-Oracle
transactional systems to create accounting entries in Oracle ledgers, together with powerful
reporting and analytics against real-time accounting information, and optional drilldown to the
source transaction details.